Allbirds' lowered guidance sparks selloff as shares sink 25%

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Sneaker Company Allbirds Files For IPO

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Shares of Allbirds (NASDAQ:BIRD) are down by nearly 25% Friday as a more conservative outlook for FY25 overshadowed better-than-expected second quarter results, resulting in the largest one-day decline for the stock in nearly a year.

To adjust for a $20M to $25M

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